Daily Newsletter

09 July 2024

Daily Newsletter

09 July 2024

New Zealand debates second seabed mine in push to double mineral exports

The New Zealand government’s licensing of seabed mining off the coast of Taranaki “threatens to turn seas into an open-cast mine”.

Alex Blair July 08 2024

The New Zealand government is considering a second application for a prospecting permit to mine seabeds off the western coast of Taranaki.

Officials are weighing up an application from Ngarara Exploration Limited (NEL) to mine for vanadium – a metal increasingly viewed as a safer and more renewable alternative to lithium in batteries.

NEL’s plans for the South Taranaki Bight area has aggravated a heated debate over the damage deep-sea mining inflicts on New Zealand’s marine ecosystems, fishing industry and local communities.

NEL follows Trans-Tasman Resources (TTR), an Australian mining giant already pursuing approval to extract 50 million tonnes of iron sands just off the Taranaki coastline in a protracted, back-and-forth battle with the government in Auckland.

Greenpeace joins local groups’ criticism of deep-sea mining in New Zealand

Greenpeace has added its voice to the sharp criticism for NEL, TTR and the New Zealand government’s seabed mining ambitions, which “threaten to turn the seas around Aotearoa [New Zealand] into an open-cast mine”, it says.

In a statement, the environmental NGO said: “Greenpeace has long-opposed TTR’s attempts to mine 50 million tonnes of seabed in a 66 square kilometre area in the South Taranaki Bight every year for 35 years to access five million tonnes of iron ore and dump the rest back into the ocean.”

Greenpeace also pointed to the catastrophic consequences for marine life in the South Taranaki Bight, naming the pygmy blue whale and critically endangered Māui dolphin as particularly vulnerable to seabed mining.

NEL’s Director Andrew Stewart – formerly the CFO of TTR – has been a target of much of the backlash.  

Campaigners accuse Stewart and NEL’s other top brass of exploiting New Zealand’s oceans, lands and indigenous groups to boost the firm’s topline.

“It adds insult to injury having mining industry CEOs like NEL’s Andrew Stewart appropriate Māori company names to greenwash their pollution and destruction by mystifying their intentions with Indigenous names and the values and worldviews they imply,” according to Juressa Lee, campaigner at Deep Sea Mining.

“It’s clear wannabe seabed miners are queuing up to plunder and destroy precious marine life as a result of the Luxon government’s Fast Track Wrecking Bill, and the low bar it has now set.”

New government, new minerals strategy

There has been a gradual rollback of previous Prime Minister Jacinda Ardern’s environmental policies under Christopher Luxon, a former business executive who said his main priority is to improve the New Zealand economy when he gained office last October.

At the forefront of this shift is the proposed draft for New Zealand’s new Minerals Strategy, released last week.

Shane Jones, Minister for Oceans and Fisheries, said the strategy “will put in place actions that will lead us on an export-led growth pathway to double the sector’s exports to $2 billion by 2035”.

“Currently, New Zealand’s production is limited to a handful of minerals and metals. Our vast mineral reserve – and the role it could play in transforming our future – remains largely unexplored,” Jones added. “Other countries use their minerals sectors as cornerstones of their economy to support the sustainability of their regions, to increase resilience, and to boost prosperity.”

Jones originally launched the draft strategy for New Zealand’s minerals sector in May.

Speaking at a community meeting in Blackball on New Zealand’s west coast, he said: “Today, in the heart of mining country, I am telling Kiwis they are back in business. No longer will these communities with rich histories intertwined with mining be told they cannot utilise the rich mineral endowments contained in their land”.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close